Old Archive for "August, 2008"

These are Blog Archives
Here you can find links to old content I had on the blog, prior to switching to our group pages. Have fun looking around... some of it is pretty good! If you are looking for the best of the best posts from both the old and new eras, then go to the Articles Page. If you want the newest material, browse the public group (and the google waves associated with it).

Daytrading United States Oil Fund LP (AMEX: USO)

Posted on August 28th, 2008
Written by Richard

Reader Jeff also requested to see our ultra-simple example system on United States Oil Fund LP (AMEX: USO). Three trades, for net +$2.35 per share.

Thanks for the suggestions, Jeff! I’m enjoying pulling up the charts you all select. If you aren’t aware, I’m trying to show how just a couple eotpro elite [...]

Daytrading UltraShort Financials ProShares (AMEX: SKF)

Posted on August 28th, 2008
Written by Richard

Jeff asked for a chart of UltraShort Financials ProShares (AMEX: SKF) in the comments. You can see here that there wasn’t much action for our simple example system on SKF today… during a lot of the down move, the volume pressure was to the upside. I suspect that sometimes the arbitrage on ETFs [...]

Daytrading UltraShort QQQ ProShares (AMEX: QID)

Posted on August 27th, 2008
Written by Richard

At the request of reader Quentin, here is today’s chart for UltraShort QQQ ProShares (AMEX: QID). It was a low-volume day, so not many bars….
Once again, we see how blindly exiting on the first bar where the volume pressure changes color can leave a lot of money on the table. Still, it’s [...]

Daytrading Apple Inc. (Nasdaq: AAPL)

Posted on August 25th, 2008
Written by Richard

Hi, all! Today, for my daytrading demo, I picked the first stock that came to mind… Apple Inc. (Nasdaq: AAPL)…. since the logo is on my mouse, my laptop, my phone, my iPod, etc, it’s hard to blame me. Just like in ES, we had a pretty smooth down-trend today. Four [...]

Daytrading Nordson Corporation (Nasdaq: NDSN)

Posted on August 22nd, 2008
Written by Richard

No one left a comment today requesting any particular stock, so I went over to Trader Jamie’s site, which is one of my favorite stock trading blogs. Jamie highlighted a trade on Nordson Corporation (Nasdaq: NDSN), so I picked it as well.
For our ultra-simple eotpro system, NDSN was kinda a pain… it’s one [...]

2008-08-22 Live ES Futures Counter-Trend Trade

Posted on August 22nd, 2008
Written by Richard

Here’s a counter-trend trade on the ES futures in the afternoon. In the video, I give my rationale for getting in, and my rationale for getting out. Did my trade work, or do I eat ramen noodles tonight? Watch and find out!

So I got tired of waiting on the after-trade outcome when [...]

Triple-Screen ES Futures Trade Friday Morning

Posted on August 22nd, 2008
Written by Richard

Here’s an example of a triple-screen entry from this morning on the S&P 500 Futures (@ES):

As always, we see that: (1) there is a clear uptrend on the context chart (upper left). The eotpro Bid/Ask Histogram is green. Then, (2) on the main chart on the right, we have a hook up [...]

Daytrading United States Steel Corporation (NYSE: X)

Posted on August 21st, 2008
Written by Richard

Reader James H requested the chart for United States Steel Corporation (NYSE: X), and so I made a note to post it tomorrow. But, I’m having too much fun showing these off.
Anyway, with that said, here’s how our ultra-simple criteria worked: It was five trades on X, with 4 wins and 1 loss, [...]

Dave Mabe in TAoS&C

Posted on August 21st, 2008
Written by Richard

Congrats to Dave Mabe of StockTickr, who just got an article published in TAoS&C. Check it out!

Daytrading Alaska Air Group, Inc. (NYSE: ALK)

Posted on August 21st, 2008
Written by Richard

Reader Quentin also asked to see the indicators on Alaska Air Group, Inc. (NYSE: ALK) yesterday. Man, Quentin in needy! Still, I have come through for him. It’s a pleasure to see how well the indicators do. In general, I plan to feature 1 stock per day, but I thought [...]

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